QPR CONFIRM SHAREHOLDING CHANGE PUBLISHED 11:30 9th June 2016 by @QPRFC Shareholding change to be submitted to Companies House ... Club confirms change in shareholding structure Changes reflect more active role played by Fernandes and Gnanalingam Mittal Family shareholding down to 11% QUEENS Park Rangers Football Club can confirm a change in the shareholding structure of QPR Holdings Limited, to reflect Co-Chairmen Tony Fernandes and Ruben Gnanalingam’s more active role in the club. QPR Asia Sdn Bhd’s share, a Tony Fernandes controlled company, has changed from 69% to 55%. New shareholder Total Soccer Growth Sdn Bhd, which represents Gnanalingam, now has a 33% shareholding. Sea Dream Ltd’s shareholding, which represents the Mittal Family, has changed from 30% to 11%. There remains a less than 1% minority interest shareholding. These changes will be submitted to Companies House. Read more at http://www.qpr.co.uk/news/article/2...-gnanalingam-3139094.aspx#g4BQGs4gQzfLRM4t.99
The football club has nothing to do with the stadium bid. That is another QPR company. (All very confusing.) I am sure that there are others out there with their fingers on the pulse who can explain the various companies and how they relate to each other.
Fair enough Eamon. I must try harder. Given that the football club is essentially worthless this looks like a paper exercise.
It looks like Gnanalingam wanted to get more involved and become more financially ties to the business, so bought shares from the Mittals and Fernandes. Worth noting, but in truth doesn't actually mean anything tangible. The Mittals were never actually financing much, whereas it looks like we have a new shareholder who is willing to - at least - pus some of his money into the club.
A bit like the three of them playing musical chairs with three seats only the Mittals have pushed theirs closer to the door.
Did they push, or - as there's only 100% shares available - did they move aside to let someone into the centre a bit more?
http://www.skysports.com/football/news/11711/10308761/qpr-announce-restructure-to-shareholders QPR have restructured the club's shareholders to reflect the more hands-on roles of co-chairmen Tony Fernandes and Ruben Gnanalingam. Fernandes' stake has been reduced from 69 per cent to 55 per cent with a new shareholder, Gnanalingam's Total Soccer Growth Sdn Bhd, now owning a 33 per cent stake. "Queens Park Rangers Football Club can confirm a change in the shareholding structure of QPR Holdings Limited, to reflect co-chairmen Tony Fernandes and Ruben Gnanalingam's more active roles in the club," said a statement on the club's official website. "QPR Asia Sdn Bhd's share, a Tony Fernandes controlled company, has changed from 69% to 55%. "New shareholder Total Soccer Growth Sdn Bhd, which represents Gnanalingam, now has a 33% shareholding. "Sea Dream Ltd's shareholding, which represents the Mittal Family, has changed from 30% to 11%. "There remains a less than 1% minority interest shareholding. These changes will be submitted to Companies House." Gnanalingam has been a major shareholder in the club since Fernandes became chairman in 2011 and was named co-chairman in June 2015. Fernandes completed his takeover of the club when he bought out previous majority shareholders Flavio Briatore and Bernie Ecclestone in August 2011.
So Tony Fernandes reduces his shareholding from 69- 55% ...to reflect his more active role in the club? He doesn't seem that active anyway. If Gnanalingam can do for QPR what Srivaddhanaprabh did for Leicester, I'll compose a catchy tune to sing from the terraces entitled "Ode to Gnanalingam, just like Srivaddhanaprabh." It'll roll off the tongue
Looks like the (Sea) dream is all but over. I blame the Chinese for dumping steel on the market. Nevertheless, I console myself with the thought that at least Amit still gives 11% of a sh#t about little 'ol QPR. I remember I was diagnosed with a total soccer growth once. Had to get it lanced by a professional and removed by degrees.
yeah the chinese dumping steel has created a worlds iron all time low, and has cost the mittals two thirds of there wealth,that seem to have destroyed there interest in qpr they are obviously worried that they will lose everything in the comming months but i hope all qpr fans will join me in sayin g thankyou to the mittals of that amazing 300 million that they just gave us although to them it was only pocket money it has created the very strong plynth for us to build our future
So, did any money change hands and if so how much and to whom, that is my question or should it be these are my questions?
Reckon it looks like a load of rich boys moving money around. I have said before when people were saying that Amit had lost interest that if they are not QPR then leave.
Looks like the Mittals aren't happy with the way TF is running the club The question is whether Ruben Gnanalingam has an astute business brain suited to running a football club, or simply the son of a wealthy family (owning a private port in Malaysia) worth apparently 360 million who will rubber-stamp Tony's decisions
